Appendix 4E Preliminary Final Report Year ended 30 September 2020 Appendix 4E Preliminary final report ORICA LIMITED ABN 24 004 145 868 1. Details of the reporting period and the previous corresponding period Reporting Period Year Ended 30 September 2020 Previous Corresponding Period Year Ended 30 September 2019 2. Results for announcement to the market Change Consolidated: $m $m 2.1 Consolidated revenue from operations down (266.7) (4.5)% to 5,611.3 2.2 Profit/(loss) after tax attributable to shareholders down (76.8) (31.3)% to 168.3 2.3 Net profit for the period attributable to shareholders before individually significant items down (72.6) (19.5)% to 299.3 Franked amount Amount per per security at Dividends security 30% tax Current period 2.4 Final dividend - Ordinary Cents 16.5 0.0 2.4 Interim dividend - Ordinary Cents 16.5 0.0 Previous corresponding period 2.4 Final dividend - Ordinary Cents 33.0 5.0 2.4 Interim dividend - Ordinary Cents 22.0 0.0 2.5 Record date for determining entitlements to the dividend: Ordinary Shares 1-Dec-20 Payment date of dividend: Ordinary Shares 15-Jan-21 2.6 Brief explanation of figures 2.1 to 2.4: i) It is anticipated that dividends in the near future will be franked at a rate of no more than 20%. ii) Conduit foreign income (CFI) component: Current period Previous corresponding period Interim dividend: Interim dividend: Ordinary 16.5 cents Ordinary 22.0 cents Final dividend: Final dividend: Ordinary 16.5 cents Ordinary 28.0 cents iii) For the profit commentary and any other significant information needed by an investor to make an informed assessment of Orica's results please refer to the accompanying Orica Limited Results for the Full Year Ended 30 September 2020. Orica Limited Appendix 4E Preliminary Final Report Year ended 30 September 2020 3. Income Statement - refer attached 4. Balance Sheet - refer attached 5. Statement of Cash Flows - refer attached 6. Reserves and retained earnings - refer attached, Statement of Changes in Equity 7. Details of individual dividends and payment dates - refer attached, Note 4 Contributed Equity and Reserves 8. Details of dividend reinvestment plan The Company's Dividend Reinvestment Plan (DRP) continues to be available to eligible shareholders. For the final dividend, shares will be allocated based on the arithmetic average of the daily volume weighted average market price of all shares sold through a normal trade on the ASX for a period of 7 trading days from 4 December to 14 December inclusive. The last date for receipt of election notices for participation in the final dividend under the DRP is Wednesday 2 December 2020. Shares issued and/or purchased on market pursuant to the DRP will rank equal to all other ordinary shares. No discount applies to the DRP. 9. Net tangible assets Previous Current period corresponding period Cents Cents Net tangible asset backing per ordinary security 343.2 334.7 10. Control relinquished over entities - refer attached, Note 15 Businesses disposed 11. Details of associates and joint venture entities - refer attached, Note 13 Equity accounted investees and joint operations 12. Significant information - refer press release attached 13. For foreign entities, which set of accounting standards is used in compiling the report - not applicable 14. Commentary on results for the period - refer press release attached 15. This report is based on a financial report which has been audited Orica Limited Review of Operations Strong performance in a COVID-19 environment Statutory net profit after tax (NPAT) attributable to the shareholders of Orica for the year ended 30 September 2020 was $168 million, down 31% on the prior corresponding period (pcp) with underlying EBIT(1) of $605 million down 9% on the pcp Summary • Underlying EBIT(1) of $605 million, down 9% on the pcp, before individually significant items • Underlying NPAT(2) down 20% on the pcp, before $131 million of individually significant items after tax • Ammonium nitrate (AN) volumes down 1% on the pcp at 3.93 million tonnes, and down 4% on the pcp excluding Exsa volumes • Prolonged COVID-19 impacts, with more severe impacts in developing markets • Underlying earnings per share(3) down 23% to 75.7 cents per share • Net Operating cash flows(4) of $277 million and cash conversion of 74.4% • Capital expenditure of $472 million(5) includes $78 million of rectification works at Burrup • Net debt(6) of $1.8 billion and gearing(7) at 36.4% • Unfranked final dividend of 16.5 cents per share Group Results 2020 2019 Change Year ended 30 September A$M A$M % Sales revenue 5,611.3 5,878.0 (5%) EBITDA(8) 955.8 941.1 2% EBIT(1) 604.5 664.7 (9%) Net interest expense (149.6) (109.7) (36%) Tax expense (146.4) (177.7) 18% Non-controlling interests (9.2) (5.4) (70%) NPAT before individually significant items(2) 299.3 371.9 (20%) Individually significant items after tax (131.0) (126.8) (3%) NPAT after individually significant items (statutory) 168.3 245.1 (31%) Note: numbers in this report are subject to rounding and stated in Australian dollars unless otherwise noted ORICAReview of Operations Business Summary A summary of the performance of the segments for the 2020 and 2019 financial years is presented below: Year ended AN Tonnes Sales Capital 30 September 2020 (i), (ii) Revenue EBITDA(8) EBIT(1) Expenditure(5) A$M (‘000) (iii) Australia Pacific & Asia (APA) 1,763 2,193.9 518.1 369.5 169.3 North America 1,023 1,476.4 234.1 163.7 52.5 Latin America 694 895.6 70.6 36.6 16.9 Europe, Middle East & Africa (EMEA) 450 912.4 94.5 62.4 32.7 Minova - 470.7 32.2 20.8 12.1 Orica Monitor - 98.4 33.1 20.3 14.3 Global Support - 635.8 (26.8) (68.8) 174.1 Eliminations - (1,071.9) - - - Orica Group 3,930 5,611.3 955.8 604.5 471.9 Year ended Sales AN Tonnes (i) Capital 30 September 2019 Revenue EBITDA(8) EBIT(1) (‘000) Expenditure(5) A$M (iii) Australia Pacific & Asia (APA) 1,682 2,106.0 508.9 382.7 159.1 North America 1,128 1,590.5 236.9 192.1 39.5 Latin America 718 969.9 66.5 43.8 29.4 Europe, Middle East & Africa (EMEA) 444 911.2 93.9 67.9 43.6 Minova - 595.1 24.3 15.2 7.6 Orica Monitor - 97.2 30.9 22.3 12.7 Global Support - 1,210.4 (20.3) (59.3) 132.1 Eliminations - (1,602.3) - - - Orica Group 3,972 5,878.0 941.1 664.7 424.0 (i) Includes ammonium nitrate prill and solution as well as bulk and packaged emulsion (ii) Includes 98 thousand tonnes sold from Exsa S.A. (Exsa) (iii) Includes external and inter-segment sales Orica Monitor 3% Minova 3% Thermal Europe, Middle East Other coal (iv) & Africa 22% 16% Latin 9% America 6% Revenue by EBIT by (v) commodity Iron ore region Australia 7% Pacific & Asia Gold 2020 North 2020 55% 20% (9) America Q&C 24% 13% Copper 16% (iv) Includes Minova and Orica Monitor (v) Excludes Global Support ORICAReview of Operations Review of Operations Nothing is more important at Orica than keeping our people safe, as we continue to have a relentless focus on major hazards and fatality prevention. During this year of unprecedented change and disruption from bushfires, extreme weather events and the COVID-19 pandemic, our commitment to the health and wellbeing of our team and wider communities has been highlighted more than ever before. In the early stages of the COVID-19 pandemic, crisis management teams were activated at a country, regional and global level, allowing us to respond to the rapidly changing situation in a consistent and quick manner. We continue to adapt our working practices as the situation evolves to provide for the health and safety of our people, customers and communities. Globally we have implemented controls to prevent infection in our workplaces, including temperature testing, physical distancing and sanitisation. Managing our people's psychological health has also been an important focus. Where our plants are operating, our enhanced safety and health controls are in place to protect the health and wellbeing of our people. In some areas where our leaders were unable to travel, we introduced augmented reality technology to allow remote safety verifications and technical support. Over the past five years there has been a clear reduction in the number of serious injuries. The full year Serious Injury Case Rate reduced 29% on the pcp, underpinned by a relentless focus on Major Hazard Management. The Total Recordable Injury Frequency rate was in line with the pcp, with the vast majority of cases being minor injuries such as cuts and sprains. Environmental programs continue to be embedded across the business, and there were no major environmental incidents during the period. Orica is on track to align corporate governance and climate risk disclosure to the recommendations of the Task Force on Climate-related Financial Disclosures. In pursuing our strategic objectives, three milestones were successfully completed in the second half: 1. The Burrup plant commenced production in May 2020 and produced approximately 100 thousand tonnes of high quality product in the second half. The plant achieved an Overall Equipment Effectiveness (OEE) of 85% since operations commenced, with very positive feedback from customers. The plant remains a key strategic asset in a key growth market. 2. Since 30 April 2020, 96.8% of total Exsa S.A.